More than 100 for-profit colleges are so dependent on taxpayer money that they would be violating a law designed to prevent profiteering if not for a loophole that excludes GI Bill funds and Department of Defense tuition assistance to active duty military.
Honestly, folks… I understand some of you are displeased with the American education system, especially with higher ed, but the new for-profit ventures aren’t doing you any favors.
In one year, they took just over 9 billion from tax payers. Almost 4 billion of that went to the University of Phoenix.
Sure, they aren’t wasting dollars on sports, but they are still taking our money…